Abatement Definition & Meaning - Merriam-Webster
The meaning of ABATEMENT is the act or process of reducing or otherwise abating something : the state of being abated. How to use abatement in a sentence.
ABATEMENT Definition & Meaning | Dictionary.com
the act or state of abating or the state of being abated; reduction; decrease; alleviation; mitigation. Synonyms: diminution, letup. Antonyms: intensification, increase. suppression or termination: abatement of a nuisance; noise abatement. Synonyms: cessation, end.
abatement | Wex | US Law | LII / Legal Information Institute
Abatement is the act of reducing or nullifying something. Multiple subjects throughout law are subject to abatement and the term appears in many locations. In property law, abatement refers to a reduction in property taxes a person has to pay on any given property.
ABATEMENT | English meaning - Cambridge Dictionary
a situation in which a rate, price, etc. goes down, or goes up more slowly than before: We have requested an abatement of interest on our late tax payment, as we received the tax bill late. a …
What Is Abatement? How It Works With Taxation, and Examples - Investopedia
Sep 4, 2021 · An abatement is a reduction in the level of taxation faced by an individual or company. Learn when this is done and how it can impact a business or community.
Abate Definition & Meaning - Merriam-Webster
abate, subside, wane, ebb mean to die down in force or intensity. abate stresses the idea of progressive diminishing. the storm abated. subside implies the ceasing of turbulence or …
ABATEMENT | definition in the Cambridge English Dictionary
Aug 14, 2015 · a situation in which a rate, price, etc. goes down, or goes up more slowly than before: We have requested an abatement of interest on our late tax payment, as we received …
Abatement - definition of abatement by The Free Dictionary
1. diminution or alleviation; decrease. 2. suppression or termination: the abatement of a nuisance. 3. the amount by which something is reduced, such as the cost of an article. 4. (Law) property law a decrease in the payment to creditors or legatees when the assets of the debtor or estate are insufficient to meet all payments in full. 5.
Penalty Relief due to First Time Abate or Other Administrative …
Apr 26, 2024 · Find out about the IRS First Time Penalty Abatement policy and if you qualify for administrative relief from a penalty. You may qualify for relief from a penalty by administrative waiver if it's your first tax penalty or you meet other criteria allowed under tax law.
Abatement - Definition, Meaning & Synonyms | Vocabulary.com
An abatement is a reduction or lessening. If you start bluntly telling people what you think of them, you might see an abatement in their friendliness toward you.